RLJ Lodging Trust Q4 Earnings Call: Urban Markets Outperform, Non-Room Revenue Rises 7.2%

RLJ Lodging Trust reported Q4 and FY2025 results, beating expectations despite a "choppy operating environment" due to a prolonged government shutdown. Occupancy was 68.7%, ADR was $199, and RevPAR was $137, representing a 1.5% year-over-year decline. The company attributed the quarter's outperformance to urban market strength, accelerating results at recently renovated hotels, and growth in non-room revenue, alongside disciplined cost control. Non-room revenue rose 7.2% in the quarter, supporting positive total revenue growth.